Update on LuLu Group’s Tax Case

The trial of the Official of the Directorate General of Taxation Handang Soekarno, and the Managing Director of PT EK Prima Ekspor (EKP, a subsidiary of LuLu Group International) Rajesh “Mohan” Rajmohanan Nair continues. In the hearing held on February 27, 2017, the...

Benny Tjokro v. Goldman Sachs et al

Five months have passed since the stock trader Benny Tjokrosaputro filed a lawsuit to the South Jakarta District Court against Goldman Sachs International and two other parties related to alleged illegal sales of Benny’s shares in PT Hanson International Tbk...

Market & Corporate Actions

Domestic investors opted to lock in profit in local stocks on Tusday (Feb 28), while foreign investors were back to buying. The composite index of the Indonesia Stock Exchange (IDX) only gained 0.07% to close at 5386 yesterday, as profit taking hit earlier gains. The...

The New Deputy Chief of Intelligence

On Monday (Feb. 27), the then Commander of the Greater Jakarta Regional Military Command (Pangdam Jaya) Maj. Gen. Teddy Lhaksmana handed over his position to Maj. Gen. Jaswandi. The day after, Teddy was made the new deputy chief of the National Intelligence Agency...

Selection of OJK Commissioners: Second Round

The committee tasked with selecting the new commissioners of the Financial Services Authority (OJK) for the 2017-2022 term (henceforth the Selection Committee) has announced the names of the 35 candidates that passed the second round of the selection process....

Contracted Manufacturing

Amid falling output and declining new orders as well as sharply rising input costs, Indonesia’s manufacturing activity contracted again in February 2017. The Nikkei Indonesia Purchasing Managers’ Index (PMI) fell to a reading of 49.3 in February, sliding...

Matahari Dept Stores (LPPF): FY16 Results & Outlook

Shares of Matahari Department Stores (LPPF) ended lower by 2.5% to Rp13650 Tuesday (Feb 28). That means the stock has lost almost 40% its value from peak (June 2016) even though LPPF reported net profit of Rp2.02 trillion, an increase of 13.3% from 2015. Sales...

Siloam Hospitals (SILO): FY16 Results & Outlook

Shares of Siloam Hospitals (SILO) ended lower by 3.83% Tuesday, but the stock is among the best performing stocks in the past 12 months with 85.7% gain. Siloam, controlled by Lippo Group, is also among companies continued expansion program despite economic slowdown in...

Property Players to Watch: Cempaka Group

PT Cempaka Bersama Maju (Cempaka Group) is an emerging property player with projects in various cities like Jakarta, Depok, and South Tangerang. The group is known as pioneer of apartment for students. The group also plans an initial public offering in the next few...
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